1767.63% Up In 3 Yrs: This Small Cap Stock Is Set To Consider Bonus Shares On 21 June

Shish Industries Limited, a small-cap stock operating in the plastics sector, is set to consider the Bonus Shares tomorrow, June 21, 2023, according to an exchange filing to BSE.

The stock in a regulatory filing on June 15, 2023, informed the BSE about the development. Shish Industries Limited has a market capitalisation of Rs. 449.90 crore.

Consider Bonus Shares

According to an exchange filing by the Board of Directors of Shish Industries Limited, Pursuant to Regulation 29(1)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of our Company is scheduled to be held on Wednesday, June 21, 2023, at the registered office of the Company situated at TP No.4, RS No.11 Paiki, 12- 13 B, Paiki Plot C 1st Floor of 11, 12 Suryapur Mill Compound, Varachha Road, Surat-395006, Gujarat, India, inter alia,

1. To recommend issuance of bonus shares;
2. To formulate and implement 'Shish Industries Limited - Employee Stock Option Plan 2023' ("ESOP 2023") for grant of Employee Stock Options to Eligible Employees of the Company, subject to shareholders' approval.
3. Toconsider and discuss any other items as may be decided by the Board of Directors of the Company

In this connection, in accordance with BSE Circular no. LIST /COMP/01/2019 20 dated April 2, 2019 - Clarification regarding trading restriction period and the Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2019, the trading window for dealing in Equity Shares of the Company by the Insiders covered under Company's Code of Internal Procedures and Conduct for Prevention of Insider Trading in Securities shall remain closed from Friday, June 16, 2023 and shall remain closed till 48 hours after the declaration and publication of Outcome of Board Meeting to be held on Wednesday, June 21, 2023.

Stock Movement

The stock's current market price is Rs. 394.75 apiece, up 1.40% from its previous close of Rs. 389.30 apiece on BSE. The stock opened on Monday at Rs. 393 apiece. Its 52 week high is Rs. 395.90 apiece and 52 week low is Rs. 136 apiece, respectively.

The stock jumped 10.2% in the past 1 week. It has given 24.08% positive return in 1 month and 82.54% in 3 months, respectively. It gave 107.49.49% in 1 year. It gave 1767.63% in the past 3 years. It gave 2618.92% in 5 years.

Disclaimer - The above-mentioned stock is set to consider Bonus Shares as per BSE. This is purely informational and should not be taken as an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.